Culled—Proshare August 10, 2020 by FBNQuest Research PT of N97.0 down by around -17% Unsurprisingly, Total Nigeria’s (Total) Q2 2020 performance was subdued due to movement restrictions in key states across the country. While this was an obvious drag on performance, growing competition from other major marketers provides a sterner […]
Results & Dividends
Okomu Oil Neutral Rating Maintained in Q2 2020
Culled—Proshare August 10, 2020 by FBNQuest Research Softer outlook for 2021E on the back of covid-related delays Okomu Oil (Okomu) published strong Q2 2020 results. Earnings were up 30% y/y to N2.0bn and were in line with our expectations. The pandemic-related lockdown had a marginal negative near-term impact on both […]
FBN Holdings Plc H1 2020 Results: Income from Divestment Clouds the impact of the Jump in Credit Losses
August 7, 2020/InvestmentOne Report Net interest income of N71.02million, up 17.87%q/q , up 1.41%y/y · Non-interest income of N30.36billion, down 38.95%q/q, up 7.47%y/y. · Profit before tax of N12.73billion, down 55.60%q/q, down 31.11% y/y. · Profit after tax of N23.76billion, down 7.54%y/y, up 49.93%y/y. Jump in Impairment Weakens Earnings […]
